Research Analysts Offer Predictions for Cameco Co.’s FY2024 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at National Bank Financial issued their FY2024 earnings estimates for shares of Cameco in a report released on Tuesday, September 3rd. National Bank Financial analyst M. Sidibe forecasts that the company will post earnings of $1.02 per share for the year. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.35 per share. National Bank Financial also issued estimates for Cameco’s FY2025 earnings at $1.65 EPS, FY2026 earnings at $1.83 EPS and FY2027 earnings at $2.19 EPS.

Several other equities research analysts have also recently commented on the stock. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. TD Securities boosted their price objective on shares of Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Canaccord Genuity Group lowered their price objective on shares of Cameco from C$80.00 to C$75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. National Bankshares set a C$74.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CIBC boosted their price objective on shares of Cameco from C$74.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Eight equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$77.20.

Cameco Trading Down 2.4 %

Shares of TSE:CCO opened at C$51.46 on Friday. The company’s 50-day moving average price is C$60.35 and its two-hundred day moving average price is C$63.56. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. Cameco has a one year low of C$48.45 and a one year high of C$76.66. The stock has a market capitalization of C$22.39 billion, a PE ratio of 87.22, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%.

Insider Activity at Cameco

In related news, Senior Officer Brian Arthur Reilly sold 28,125 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$71.27, for a total value of C$2,004,468.75. In related news, Senior Officer Cory John-Paul Kos purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of C$56.23 per share, for a total transaction of C$28,115.00. Also, Senior Officer Brian Arthur Reilly sold 28,125 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$71.27, for a total transaction of C$2,004,468.75. 0.15% of the stock is owned by company insiders.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.